SILVER2023

AQUA FOUNDATION FOR WOMEN INC

BY and FOR LGBTQ+ Women.

Miami, FL   |  www.aquafoundation.org
GuideStar Charity Check

AQUA FOUNDATION FOR WOMEN INC

EIN: 20-0873622


Mission

We serve and support the lesbian, bisexual, and transgender community in South Florida through grants, scholarships, and initiatives. We do this through grants, scholarships, mentoring, building alliances and identifying our community needs and, through fostering philanthropy and building community.

Ruling year info

2005

Executive Director

Mateo Ventura Bruer

Main address

1951 Nw 7th Avenue Suite 600

Miami, FL 33136 USA

Show more contact info

EIN

20-0873622

Subject area info

Philanthropy

Community and economic development

Foundations

Population served info

LGBTQ people

Students

NTEE code info

Community Foundations (T31)

Fund Raising and/or Fund Distribution (S12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990-N.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Scholar/Mentor Program

The scholar/mentor program provides scholarships for LBT individuals and matches them with a mentor who provides support and guidance. The program also develops the individuals leadership skills and builds community.

Population(s) Served
LGBTQ people
Students

Where we work

Financials

AQUA FOUNDATION FOR WOMEN INC
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

Average of 7.81 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

Average of 7.6 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

%

Average of 7% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

AQUA FOUNDATION FOR WOMEN INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

AQUA FOUNDATION FOR WOMEN INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

AQUA FOUNDATION FOR WOMEN INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of AQUA FOUNDATION FOR WOMEN INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2016 2017 2018 2019 2020
Unrestricted surplus (deficit) before depreciation -$88,485 -$10,421 $54,359 $68,410 $61,957
As % of expenses -20.0% -3.3% 28.8% 36.5% 39.5%
Unrestricted surplus (deficit) after depreciation -$88,485 -$10,421 $54,359 $68,410 $61,957
As % of expenses -20.0% -3.3% 28.8% 36.5% 39.5%
Revenue composition info
Total revenue (unrestricted & restricted) $327,674 $325,125 $236,780 $255,985 $218,932
Total revenue, % change over prior year -6.2% -0.8% -27.2% 8.1% -14.5%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 12.0% 8.7% 9.8% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 11.7% 25.7%
All other grants and contributions 88.0% 91.3% 90.2% 88.3% 74.3%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $443,274 $320,636 $188,434 $187,575 $156,975
Total expenses, % change over prior year -5.1% -27.7% -41.2% -0.5% -16.3%
Personnel 30.9% 29.3% 30.8% 40.0% 41.6%
Professional fees 16.3% 17.4% 6.4% 6.8% 6.1%
Occupancy 6.3% 5.2% 2.3% 2.1% 2.4%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 15.2% 13.2% 52.0% 32.4% 37.7%
All other expenses 31.3% 35.0% 8.5% 18.6% 12.3%
Full cost components (estimated) info 2016 2017 2018 2019 2020
Total expenses (after depreciation) $443,274 $320,636 $188,434 $187,575 $156,975
One month of savings $36,940 $26,720 $15,703 $15,631 $13,081
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $480,214 $347,356 $204,137 $203,206 $170,056

Capital structure indicators

Liquidity info 2016 2017 2018 2019 2020
Months of cash 1.9 3.4 10.1 12.1 26.3
Months of cash and investments 1.9 3.4 10.1 12.1 26.3
Months of estimated liquid unrestricted net assets 1.9 2.3 7.4 11.8 18.8
Balance sheet composition info 2016 2017 2018 2019 2020
Cash $70,751 $89,906 $157,841 $188,582 $343,944
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $2,224 $2,224 $2,224 $0 $0
Accumulated depreciation (as a % of LBE) 100.0% 100.0% 100.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 32.0% 26.8% 2.5% 29.2%
Unrestricted net assets $71,551 $61,130 $115,489 $183,899 $245,856
Temporarily restricted net assets $0 $0 $0 N/A N/A
Permanently restricted net assets $0 $0 $0 N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $71,551 $61,130 $115,489 $183,899 $245,856

Key data checks

Key data checks info 2016 2017 2018 2019 2020
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Executive Director

Mateo Ventura Bruer

Number of employees

Source: IRS Form 990

AQUA FOUNDATION FOR WOMEN INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

AQUA FOUNDATION FOR WOMEN INC

Board of directors
as of 04/26/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Nicole Waters

Merceds Benz of Coral Gables

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 4/26/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Hispanic/Latino/Latina/Latinx
Gender identity
Non-binary, Transgender
Sexual orientation
Gay, Lesbian, Bisexual, or other sexual orientations in the LGBTQIA+ community
Disability status
Person with a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

No data